Financial Aid Refund Checks: What to Use Them For

Why did I receive a refund check?

Financial aid refunds are issued if the amount of financial aid award is greater than the direct costs on your UNC Charlotte student account.  

What should I use my refund check for?

Financial aid covers these direct costs:

  • Tuition and fees
  • On-campus housing and dining (if applicable)
  • Health insurance premium

Your financial aid may also cover these indirect costs:

  • Books and supplies
  • Transportation expenses
  • Off-campus housing and dining (if applicable)

The university only subtracts the amount of your direct costs from your financial aid balance.  The remaining balance is sent to you in the form of a refund check during the first week of school, so you can pay for your own indirect costs and other expenses.

Example: If you are living off campus, the university doesn't send a payment to the apartment complex to pay your rent for you.  So, the university will apply your aid to your account to pay for your tuition and fees and health insurance premium. Then the remaining balance will be sent to you, so you can pay your rent at your off-campus apartment, buy books, and pay for parking passes, etc.

How do I know if I will receive a refund?

If you are due a refund, you will see a negative balance on your student account before the refund is processed. Refunds are disbursed on the first day of class at the earliest.

When will I receive my financial aid refund?

Refunds are disbursed on the first day of class at the earliest. If you have Direct Deposit, you will receive a refund through your direct deposit account within 5 to 7 days after the refund is posted to your account.  If you don't have Direct Deposit, a refund check will be mailed to your permanent address.  Please allow 7 to 10 days to receive a mailed refund check once the refund has posted.

What happens if I withdraw from a class or several classes?

A student who officially drops a course(s) or withdraws from the university may be entitled to a refund of tuition and fees. The amount of refund, if any, will be determined by the date on which the student drops the course(s) or withdraws from the University.  Tuition and fee refunds or withdrawals are prorated based on the appropriate term schedule shown on the student accounts website.

Withdrawing from one class or all classes may affect your financial aid award, because students are awarded funds under the assumption that he/she will attend school for the entire period for which the assistance is awarded.   In some cases, you may owe money back to UNC Charlotte.  Please review the withdrawal  and disbursement/changes in enrollment information on the financial aid website.